Enterprise Products Partners L.P.

SEC Filings

4
PHILLIPS ROBERT G filed this Form 4 on 08/03/2004
Entire Document
 
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
PHILLIPS ROBERT G

(Last) (First) (Middle)
4 GREENWAY PLAZA

(Street)
HOUSTON TX 77046

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GULFTERRA ENERGY PARTNERS L P [ GTM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
07/30/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Unit Option (right to buy) $34.99 07/30/2004 D 97,500 09/19/2002 09/19/2011 COMMON UNITS 97,500 $0(1) 0 D
Explanation of Responses:
1. In connection with the merger between the issuer and Enterprise Products Partners L.P., the reporting person entered into a repurchase agreement and may exercise any options at any time. Any options outstanding on the last business day prior to the effectiveness of the merger will be repurchased by the issuer. The options of the reporting person will be repurchased in the form of cash and common units at a price equal to the quotient derived by dividing (a) the positive difference between (i) $43.00, which represents the determination of the fair value of the options, minus (ii) the exercise price, by (b) 85 percent, which provides a 15 percent premium to lessen any related tax burden. The number of common units will be determined by dividing the foregoing common unit portion of the quotient by the average closing prices of GTM common units over the twenty trading day period ending on the fourth business day prior to the merger.
David L. Siddall (POA) 08/03/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
POWER OF ATTORNEY

	KNOW ALL MEN BY THESE PRESENTS, that the undersigned, 
ROBERT G. PHILLIPS, hereby appoints David L. Siddall, Corporate 
Secretary; Peggy A. Heeg, General Counsel for El Paso Corporation; Cara 
E. Bergen, Attorney for El Paso Corporation; Alan D. Bishop, Director of 
Shareholder Relations for El Paso Corporation, or Stacy J. James, 
Manager of Shareholder Relations of El Paso Corporation, to be the 
true and lawful attorneys-in-fact for the undersigned, for him and in his 
name, place and stead to execute, acknowledge, deliver and file, as required, 
with the Securities and Exchange Commission, national securities exchanges 
and El Paso Energy Partners, L.P. (the Company), the following 
forms with respect to securities of the Company: (i) Forms 3, 4 and 5 
(including amendments thereto) pursuant to Section 16(a) of the Securities 
Exchange Act of 1934, as amended, and the rules and regulations 
thereunder, and (ii) Form 144 (including amendments thereto) in 
accordance with the Securities Act of 1933, as amended, and the rules and 
regulations thereunder, and hereby grants to each of David L. Siddall, 
Peggy A. Heeg, Cara E. Bergen, Alan D. Bishop or Stacy J. James full 
power and authority, to act individually, to perform all acts necessary
 to 
complete such purposes.

	The undersigned agrees that the attorneys-in-fact herein, David L. 
Siddall, Peggy A. Heeg, Cara E. Bergen, Alan D. Bishop or Stacy J. 
James, may rely entirely on information furnished orally or in writing by 
the undersigned to such attorneys-in-fact.  The undersigned also agrees to 
indemnify and hold harmless the Company and the attorneys-in-fact 
against any losses, claims, damages or liabilities (or actions in these 
respects) that arise out of or are based upon any untrue statements or 
omission of necessary facts in the information provided by the 
undersigned to the attorneys-in-fact for purposes of executing, 
acknowledging, delivering or filing Forms 3, 4 or 5 and Form 144 
(including amendments thereto) and agrees to reimburse the Company and 
the attorneys-in-fact herein for any legal or other expenses reasonably 
incurred in connection with investigating or defending against any such 
loss, claim, damage, liability or action.

	The validity of this Power of Attorney shall not be affected in any 
manner by reason of the execution, at any time, of other powers of 
attorney by the undersigned in favor of persons other than those named 
herein.

	The undersigned agrees and represents to those dealing with its 
attorneys-in-fact herein, David L. Siddall, Peggy A. Heeg, Cara E. Bergen, 
Alan D. Bishop or Stacy J. James, that this Power of Attorney is for 
indefinite duration and may be voluntarily revoked only by written notice 
to such attorney-in-fact, delivered by registered mail or certified mail, 
return receipt requested.

	IN WITNESS WHEREOF, the undersigned has caused this Power 
of Attorney to be executed as of this 28th day of August, 2002.


	S/ROBERT G. PHILLIPS